Published: Saturday, November 17, 2012 at 10:20 p.m.

Last Modified: Saturday, November 17, 2012 at 10:20 p.m.

A Palm Coast woman who operates a time-share liquidation company has been charged with three counts of money laundering involving up to $300,000, according to the Flagler County Sheriff's Office.

Devin Kolb, 31, is being held at the Flagler County Inmate Facility on $300,000 bail, according to the Sheriff's Office. She was arrested on a warrant Wednesday.

Kolb's company, Vale Professionals LLC, has its headquarters at 1 Florida Park Drive with a mailing address in Brunswick, Ga., according to the company's website. The website describes the company as "providing a viable solution for timeshare owners that feel frustrated and financially trapped."

The website goes on to state that "we are not a timeshare resale company or a listing company. By accepting our offer, you will be completely free of your timeshare ownership and your financial obligations that go with it!!!" It states the liquidation process is undertaken through a "professional closing company that specializes in timeshare transfers."

A message left with Vale Professionals' toll-free number was not returned. Entering the name Kolb into the voicemail's staff directory produced "no matches."

Vale Professionals has an A- rating with the Better Business Bureau. According to the bureau, two complaints were filed regarding billing/collection issues but both were resolved.

The arrest report was not available Saturday but other public records show Kolb has been involved in a number of local companies – some now defunct – over the last several years.

Two companies in which Kolb is a principal filed with the state less than two weeks ago, on Nov. 8. Kolb is listed as the incorporator of Dylayneum Inc., whose officers include Kolb and Marvin Mullins, also of Palm Coast, according to the Florida Department of State's Division of Corporations. Mullins is also associated with Vale Professionals as the director of customer service, according to the Better Business Bureau.

Kolb is listed as a manager of Perargo LLC, which also filed with the state on Nov. 8. The type of business Perargo and Dylayneum are engaged in is not clear from state records.

A third company associated with Kolb, ITL Marketing LLC, dissolved in 2010, according to the Division of Corporations.

The Palm Coast woman is also listed as a manager with K.C.F. International LLC. The company was voluntarily dissolved in August 2010, according to the Division of Corporations. Before the company dissolved, a $30 check submitted by the company to the Division of Corporations in June 2009 was returned by the group's bank because of a stop payment order.

The former registered agent of K.C.F. International LLC is Palm Coast resident Anthony Fregenti, 41, who is also listed as a registered agent of several other companies, according to the Division of Corporations. One of the companies is Dark Hawk Cycles Enterprises LLC.

Another Palm Coast resident, Michael Stevens, 45, was arrested Oct. 18 on accusations he laundered money as part of a motorcycle Ponzi scheme, according to the Sheriff's Office. Stevens' arrest is considered to be connected to the September 2010 arrest of Fregenti, investigators said.

In the September 2010 arrest, Fregenti was charged with organized fraud of less than $20,000, three counts of grand theft of more than $5,000, one count of grand theft and three counts of theft from a coin/vending machine, records show. Fregenti is awaiting trial.

Kolb is also listed as manager of I.I.S. Holding LLC, according to the Division of Corporations. Benny W. Kolb Jr. is listed as the registered agent, but the relationship between Kolb Jr. and Devin Kolb, if any, is unknown.

Devin Kolb and Mullins are also listed as the officers/directors of Sunrise Plaza II Condominium Association Inc. as is a Bennett Kolb, according to the Division of Corporations. The relationship between Devin Kolb and Bennett Kolb, if any, is unknown.

County records also show Devin Kolb purchased a house from Gerard P. Forte in Country Club Cove, a neighborhood in the saltwater canal section of Palm Coast, for $262,000 the week of Oct. 22.

<p>A Palm Coast woman who operates a time-share liquidation company has been charged with three counts of money laundering involving up to $300,000, according to the Flagler County Sheriff's Office. </p><p>Devin Kolb, 31, is being held at the Flagler County Inmate Facility on $300,000 bail, according to the Sheriff's Office. She was arrested on a warrant Wednesday. </p><p>Kolb's company, Vale Professionals LLC, has its headquarters at 1 Florida Park Drive with a mailing address in Brunswick, Ga., according to the company's website. The website describes the company as "providing a viable solution for timeshare owners that feel frustrated and financially trapped." </p><p>The website goes on to state that "we are not a timeshare resale company or a listing company. By accepting our offer, you will be completely free of your timeshare ownership and your financial obligations that go with it!!!" It states the liquidation process is undertaken through a "professional closing company that specializes in timeshare transfers." </p><p>A message left with Vale Professionals' toll-free number was not returned. Entering the name Kolb into the voicemail's staff directory produced "no matches." </p><p>Vale Professionals has an A- rating with the Better Business Bureau. According to the bureau, two complaints were filed regarding billing/collection issues but both were resolved. </p><p>The arrest report was not available Saturday but other public records show Kolb has been involved in a number of local companies – some now defunct – over the last several years. </p><p>Two companies in which Kolb is a principal filed with the state less than two weeks ago, on Nov. 8. Kolb is listed as the incorporator of Dylayneum Inc., whose officers include Kolb and Marvin Mullins, also of Palm Coast, according to the Florida Department of State's Division of Corporations. Mullins is also associated with Vale Professionals as the director of customer service, according to the Better Business Bureau. </p><p>Kolb is listed as a manager of Perargo LLC, which also filed with the state on Nov. 8. The type of business Perargo and Dylayneum are engaged in is not clear from state records. </p><p>A third company associated with Kolb, ITL Marketing LLC, dissolved in 2010, according to the Division of Corporations. </p><p>The Palm Coast woman is also listed as a manager with K.C.F. International LLC. The company was voluntarily dissolved in August 2010, according to the Division of Corporations. Before the company dissolved, a $30 check submitted by the company to the Division of Corporations in June 2009 was returned by the group's bank because of a stop payment order. </p><p>The former registered agent of K.C.F. International LLC is Palm Coast resident Anthony Fregenti, 41, who is also listed as a registered agent of several other companies, according to the Division of Corporations. One of the companies is Dark Hawk Cycles Enterprises LLC. </p><p>Another Palm Coast resident, Michael Stevens, 45, was arrested Oct. 18 on accusations he laundered money as part of a motorcycle Ponzi scheme, according to the Sheriff's Office. Stevens' arrest is considered to be connected to the September 2010 arrest of Fregenti, investigators said. </p><p>In the September 2010 arrest, Fregenti was charged with organized fraud of less than $20,000, three counts of grand theft of more than $5,000, one count of grand theft and three counts of theft from a coin/vending machine, records show. Fregenti is awaiting trial.</p><p>Kolb is also listed as manager of I.I.S. Holding LLC, according to the Division of Corporations. Benny W. Kolb Jr. is listed as the registered agent, but the relationship between Kolb Jr. and Devin Kolb, if any, is unknown. </p><p>Devin Kolb and Mullins are also listed as the officers/directors of Sunrise Plaza II Condominium Association Inc. as is a Bennett Kolb, according to the Division of Corporations. The relationship between Devin Kolb and Bennett Kolb, if any, is unknown. </p><p>County records also show Devin Kolb purchased a house from Gerard P. Forte in Country Club Cove, a neighborhood in the saltwater canal section of Palm Coast, for $262,000 the week of Oct. 22.</p>